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mutanda mining stake

Fleurette Group: Sale of stake in Mutanda and Katanga to

Feb 13, 2017 Fleurette Group is delighted to announce it has completed the sale of its 31% stake in Mutanda Mining Sarl to Glencore. Fleurette has also exited its remaining 11.05% shareholding in Katanga Mining...

Glencore purchases stakes in Mutanda and Katanga

Glencore has today purchased from subsidiaries of Fleurette Properties Limited (“Fleurette”) the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl (the “Mutanda Shares”) and an approximate 10.25% stake in Katanga Mining Limited (the “Katanga Shares”).

Mutanda Mine

Glencore International operates the mine and has a 40% stake in the mine through a 50% holding in Samref Congo, which in turn holds 80% of Mutanda. Until recently, the state-owned Gécamines held the remaining 20%. Glencore also indirectly owns 37.5% of Kansuki, a copper and cobalt development project bordering Mutanda covering 185 square kilometres (71 sq mi). In August 2011 Glencore's CEO said the company planned to combine the two properties and to increase its share to over 50%.

Glencore pays $534m cash for Mutanda, higher stake in

Feb 13, 2017 GLENCORE is to buy full control of Mutanda Mining, a copper producer in the Democratic Republic of Congo, and lift its stake in the country’s Katanga Mining for a net cash investment of $534m. The Swiss-headquartered mining and commodities marketing company said in an announcement that it would own 100% of Mutanda and 86.33% of []

Glencore buys stakes in Mutanda and Katanga MINING.COM

Feb 13, 2017 In 2015, Mutanda produced 216,100 tonnes of copper and 16,500 tonnes of cobalt, more than any other mine in Congo. The operation is considered one of Glencore’s main growth assets and a

Glencore buys stakes in Mutanda Mining and Katanga Mining

Feb 14, 2017 Glencore has purchased the Fleurette group's remaining 31% stake in Mutanda Mining Sarl and an approximate 10.25% stake in Katanga Mining. The consideration for the Mutanda shares and the Katanga shares has been determined based on an analysis by BMO Capital Markets.

Mutanda Mine

Ownership. Glencore International operates the mine and has a 40% stake in the mine through a 50% holding in Samref Congo, which in turn holds 80% of Mutanda. Until recently, the state-owned Gécamines held the remaining 20%. Glencore also indirectly owns 37.5% of Kansuki, a copper and cobalt development project bordering Mutanda covering 185 square kilometres (71 sq mi).

Glencore pays $534m cash for Mutanda, higher stake in

Feb 13, 2017 GLENCORE is to buy full control of Mutanda Mining, a copper producer in the Democratic Republic of Congo, and lift its stake in the country’s Katanga Mining for a net cash investment of $534m. The Swiss-headquartered mining and commodities marketing company said in an announcement that it would own 100% of Mutanda and 86.33% of []

BRIEF-Glencore says purchases stakes in Mutanda and

Feb 13, 2017 Feb 13 (Reuters) Glencore Plc : * Today purchased from subsidiaries of fleurette properties limited, fleurette group’s remaining 31 pct stake

Glencore to Pay $534 Million for Gertler’s Stakes in Two

Feb 13, 2017 Glencore said it would purchase the 31% holding held in Mutanda Mining by Mr. Gertler’s Fleurette Group, valuing the stake at $922 million. The amount of cash being paid was reduced by

Glencore buys stakes in Mutanda Mining and Katanga Mining

Feb 14, 2017 Glencore has purchased the Fleurette group's remaining 31% stake in Mutanda Mining Sarl and an approximate 10.25% stake in Katanga Mining. The consideration for the Mutanda shares and the Katanga shares has been determined based on an analysis by BMO Capital Markets.

Glencore Purchases Stakes in Mutanda and Katanga E & MJ

Glencore has purchased the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl for $922 million and a 10.25% stake in Katanga Mining Ltd. for $38 million. Fleurette and its affiliates owe outstanding loans to the Glencore group over the Mutanda shares, amounting to $556 million, of which $120 million comprises accrued interest.

Glencore buys stakes in Mutanda and Katanga for $960m

Feb 14, 2017 This additional stake is held as a security for the loan provided to Fleurette group member Ruwenzori, which acquired 25 million shares in Nikanor. Nikanor later merged with Katanga and shares were exchanged for shares in Katanga. With this acquisition, Glencore now owns 100% interest in Mutanda and approximately 86.33% interest in Katanga.

DR Congo: Glencore to increase stake in Mutanda mine

Jan 09, 2017 Mining giant Glencore, 6th largest mining company in the world according to PwC, announced last Friday it would increase its stake in the Mutanda copper and cobalt mine in DR Congo. The company, which already holds 69% of the project, is

Glencore purchases stakes in Mutanda and Katanga

Feb 14, 2017 Tuesday, February 14th, 2017. Glencore has recently purchased from subsidiaries of Fleurette Properties Limited (“Fleurette”) the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl (the “Mutanda Shares”) and an approximate 10.25% stake in Katanga Mining

Glencore’s rumbles in the jungle: More body blows for

Jun 08, 2018 Hamze’s now liquidated company, Groupe Bazano, fairly acquired Brown’s stake in Mutanda in 2004 and 2005, before the mine started meaningful operations and before Glencore was a shareholder, according to a lawyer who represented Bazano.

Fleurette Group Sale of Stake in Mutanda to Glencore

Feb 13, 2017 Fleurette Group ("Fleurette") is delighted to announce it has completed the sale of its 31% stake in Mutanda Mining Sarl ("Mutanda") to Glencore. Fleurette has also exited its remaining 11.05%...

Glencore Spends $960 Million on DRC Copper and Cobalt

Feb 15, 2017 The major miner now owns 100 percent of Mutanda Mining and about 86.33 percent of Katanga Mining (TSX: KAT), according to a statement released Monday (February 13). It bought a 31-percent stake in...

Glencore Buys Stakes In Mutanda And Katanga

Feb 14, 2017 Glencore (GLCNF.PK,GLNCY.PK,GLEN.L) said that it purchased from subsidiaries of Fleurette Properties Limited the Fleurette group's remaining 31% stake in Mutanda Mining Sarl and about 10.25% stake in Katanga Mining Limited.The consideration for the Mutanda Shares and the Katanga Shares has been determined based on an analysis by BMO Capital Markets Limited who

Mutanda Ya Mukonkota Cobalt Mine Near Kolwezi, Congo

Cobalt mining deposit report for "Deposit #Usgs10400645" (#USGS10400645) in Katanga, The Mutanda Ya Mukonkota Cobalt Mine is near Kolwezi, Congo (Kinshasa). The Mutanda Ya Mukonkota Cobalt Mine is a surface mining operation. Stake Significant. Rowny Assests Limited Type Owner Stake Significant. Samfer Congo Sprl Type Owner.

Mutanda Mine

Ownership. Glencore International operates the mine and has a 40% stake in the mine through a 50% holding in Samref Congo, which in turn holds 80% of Mutanda. Until recently, the state-owned Gécamines held the remaining 20%. Glencore also indirectly owns 37.5% of Kansuki, a copper and cobalt development project bordering Mutanda covering 185 square kilometres (71 sq mi).

BRIEF-Glencore says purchases stakes in Mutanda and

Feb 13, 2017 Feb 13 (Reuters) Glencore Plc : * Today purchased from subsidiaries of fleurette properties limited, fleurette group’s remaining 31 pct stake

Fleurette Group Sale of Stake in Mutanda to Glencore

Feb 13, 2017 Fleurette Group ("Fleurette") is delighted to announce it has completed the sale of its 31% stake in Mutanda Mining Sarl ("Mutanda") to Glencore. Fleurette has also exited its remaining 11.05%...

DR Congo: Glencore to increase stake in Mutanda mine

Jan 09, 2017 Mining giant Glencore, 6th largest mining company in the world according to PwC, announced last Friday it would increase its stake in the Mutanda copper and cobalt mine in DR Congo. The company, which already holds 69% of the project, is

Cobalt: Glencore considers bigger stake in Mutanda — Roskill

Jan 11, 2017 Glencore holds a 69% stake in Mutanda Mining, having increased its stake from 50% in 2007 via a series of acquisitions. Fleurette owns the remaining 31%. The Mutanda mine is the biggest single cobalt producing mine in the world. It lies about 40km to the southeast of Kolwezi. Following the completion of expansions in Q1 2012, Mutanda Mining has

Glencore Xstrata grows its stake in Mutanda Mining Bus Ex

Glencore Xstrata grows its stake in Mutanda Mining Mutanda, with operations in Katanga, is seen as one of Glencore's key growth assets in Central Africa's copper belt and the cash purchase sees the mining and commodities trading major acquire the remaining 14.5 percent indirect equality in the copper and cobalt producer.

Mutanda Mine WikiMili, The Best Reader

Apr 11, 2020 The Mutanda Mine is an open-pit copper mine in the Katanga Province of the Democratic Republic of the Congo. It is closed between 2020 to 2022. [1] Contents. Location; Resource; Ownership; References; Location. The Mutanda Mine lies about 40 kilometres (25 mi) to the southeast of Kolwezi in the Roan formation. The property is close to the national road and railway line between Kolwezi and

Glencore Spends $960 Million on DRC Copper and Cobalt

Feb 15, 2017 The major miner now owns 100 percent of Mutanda Mining and about 86.33 percent of Katanga Mining (TSX: KAT), according to a statement released Monday (February 13). It bought a 31-percent stake in...

Glencore purchases stakes in Mutanda and Katanga

Feb 14, 2017 Tuesday, February 14th, 2017. Glencore has recently purchased from subsidiaries of Fleurette Properties Limited (“Fleurette”) the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl (the “Mutanda Shares”) and an approximate 10.25% stake in Katanga Mining

UPDATE 2-Glencore takes control of Mutanda with $480 mln

May 22, 2012 The pressure group earlier this month revived concerns over the sale of a direct 20 percent stake in Mutanda last year by Congolese state mining company Gecamines to

Glencore purchases stakes in Mutanda and Katanga Dry Bulk

Feb 15, 2017 Glencore has announce that the company has purchased from subsidiaries of Fleurette Properties Ltd the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl and an approximate 10.25% stake in Katanga Mining Ltd.

Glencore studying "strategic options" over DRC's Mutanda

Jan 05, 2017 GLENCORE was “considering its strategic options” in respect of its $1.8bn Mutanda Mining Company, a producer of copper and cobalt that mines in the Katanga province of the Democratic Republic of Congo (DRC). This was after the Swiss-based mining and commodities trading group had received “certain incoming press inquiries in relation to the potential acquisition []

Mutanda Ya Mukonkota Cobalt Mine Near Kolwezi, Congo

Cobalt mining deposit report for "Deposit #Usgs10400645" (#USGS10400645) in Katanga, The Mutanda Ya Mukonkota Cobalt Mine is near Kolwezi, Congo (Kinshasa). The Mutanda Ya Mukonkota Cobalt Mine is a surface mining operation. Stake Significant. Rowny Assests Limited Type Owner Stake Significant. Samfer Congo Sprl Type Owner.

Glencore acquires remaining 31% stake in Mutanda, 10.25%

Feb 13, 2017 Glencore has purchased the remaining 31% stake in Mutanda Mining, alongside an approximated 10.25% stake in Katanga Mining, both in the Democratic Republic of Congo (DRC), from subsidiaries of Fleurette Properties for a total cash consideration of $960 million.